1Title

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

2Commencement

This Act comes into force on the day after the date on which it receives the Royal assent.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

3Purposes

The purposes of this Act are to—

(a)confirm financial matters relating to the financial year ended 30 June 2006; and

(b)validate other financial matters relating to the financial year ended 30 June 2006 and previous financial years.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

4Interpretation

In this Act, unless the context otherwise requires,—

(a)the terms capital expenditure, department, expenses, financial year, other expenses, output expenses, and Vote have the meanings given to them by section 2(1) of the Public Finance Act 1989; and

(b)liabilities means, in relation to appropriation, a liability measured in accordance with generally accepted accounting practice.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

5Confirmation of Order in Council directing transfer of amounts between output expense appropriations

The Public Finance (Transfers Between Outputs) Order 2006 (SR 2006/162) is confirmed.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

6Confirmation of expenses and capital expenditure incurred in excess of existing appropriations and approved by Minister of Finance

(1)The incurring of expenses and capital expenditure approved by the Minister of Finance under section 26B of the Public Finance Act 1989 for the financial year ended 30 June 2006 and described in subsections (2) to (4) is confirmed.

(2)The expenses and capital expenditure are the expenses and capital expenditure incurred in excess, but within the scope, of the existing appropriations set out in column 3 of Schedule 1.

(3)The approved expenses are shown in each case in column 5 of Schedule 1 alongside the existing appropriation for which the approval was given.

(4)The approved capital expenditure is shown in each case in column 6 of Schedule 1 alongside the existing appropriation for which the approval was given.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

7Validation of unappropriated expenses and capital expenditure

(1)The incurring of expenses and capital expenditure by a department in the circumstances set out in subsection (2) is validated.

(2)The circumstances were that for the financial year ended 30 June 2006, the department incurred expenses or capital expenditure—

(a)in excess of the existing appropriations set out in column 3 of Schedule 2 alongside that department; or

(b)without appropriation, or other authority, by or under an Act (as specified in column 4 of Schedule 3 alongside the department) against the categories of expenses or capital expenditure set out in column 3 of Schedule 3 alongside that department.

(3)In this section,—

capital expenditure means the capital expenditure set out in column 6 of, as appropriate, Schedule 2 or Schedule 3 alongside the relevant department

department means a department set out in column 1 of, as appropriate, Schedule 2 or Schedule 3

expenses means the expenses set out in column 5 of, as appropriate, Schedule 2 or Schedule 3 alongside the relevant department.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

8Validation of unappropriated expenses incurred in respect of Votes Finance, Treasurer, and Treasury

(1)The incurring of expenses by the Treasury in the circumstances set out in subsection (2) is validated.

(b)those amounts were incurred outside the scope of, or were not incurred only in relation to, the appropriations for that output class, and were therefore incurred without appropriation, or other authority, by or under an Act.

(3)To the extent that any expenses incurred by the Treasury against the output classes in the Votes and for the financial years set out in subsection (4) were not incurred only in relation to the appropriations for those output classes, the expenses are validated.

(b)Debt and Financial Asset Management in Vote Treasurer for the financial years ended 30 June 1998, 1999, and 2000:

(c)Debt and Related Financial Asset Management in Vote Finance for the financial years ended 30 June 2001, 2002, 2003, and 2004.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

9Validation of unappropriated liabilities and capital expenditure incurred in respect of Votes Finance and Housing

(1)The incurring of liabilities and capital expenditure by the Crown in the circumstances set out in subsection (2) is validated.

(2)The circumstances were that—

(a)the Crown incurred liabilities in Vote Finance of $156,751,000 for the financial year ended 30 June 2003 for loans to Housing New Zealand Corporation to refinance maturing Crown debt; and

(b)the Crown incurred liabilities in Vote Housing of $11,778,000 for the financial year ended 30 June 2004 for loans to Housing New Zealand Corporation to refinance maturing Crown debt; and

(c)the Crown incurred liabilities in Vote Housing of $101,350,000 for the financial year ended 30 June 2005 for loans to Housing New Zealand Limited to refinance maturing Crown debt; and

(d)the Crown incurred capital expenditure in Vote Housing of $30,000,000 for the financial year ended 30 June 2006 for loans to Housing New Zealand Limited to refinance maturing Crown debt; and

(e)the amounts in paragraphs (a), (b), and (c) were incurred without appropriation, or other authority, by or under an Act; and

(f)the amount in paragraph (d) was incurred in advance of appropriation, or other authority, by or under an Act.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

10Validation of departmental net asset holding

(1)The excess amount of net asset holding described in subsection (2) in a department is validated.

(2)The excess amount of net asset holding is the amount of net asset holding, as set out in column 3 of Schedule 4, in the department that, during or at the end of the 2005/06 financial year, exceeded the most recent projected balance of net assets for that department.

This Act was repealed, as from 18 August 2007, by section 12(1) Appropriation (2007/08 Estimates) Act 2007 (2007 No 31).

Column 1

Column 2

Column 3

Department

Most recent projected balance of net assets at 30 June 2006 at time when exceeded $(000)

Amount of net assets in excess of projected balance $(000)

Building and Housing, Department of

9,481

909

Foreign Affairs and Trade, Ministry of

325,779

3,504

Internal Affairs, Department of

31,175

4,046

New Zealand Police

308,307

10

Contents

1General

2About this eprint

3List of amendments incorporated in this eprint (most recent first)

Notes

1General

This is an eprint of the Appropriation (2005/06 Financial Review) Act 2007. It incorporates all the amendments to the Appropriation (2005/06 Financial Review) Act 2007 as at 18 August 2007. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 18 August 2007. Relevant provisions of any amending enactments that contain transitional, savings, or application provisions are also included, after the Principal enactment, in chronological order.

2About this eprint

This eprint has not been officialised. For more information about officialisation, please see "Making online legislation official" under "Status of legislation on this site" in the About section of this website.